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Search Results 0 to 49 of about 72 (some duplicates have been removed)
MSNBC
Dec 29, 2012 11:00am PST
of that fiscal cliff to a gentle, let's say, bunny slope. we have a fragile economy, but it's accelerating and it's predicted as this year to grow. it grew at 2% to goh at 3% or more this coming year so you want this skier, so to speak to go down the slope and pick up speed so when you do come to the grand bargain that has $3 trillion of debt reduction. all they've got to do is shoulder 1 billion, changing the scale and put the rest of that in the following nine years and that's something that they'll come up with. >> where do they find it? there are various places, and just that, there's $118 billion if you didn't do the payroll tax extension holiday and if you didn't do that at $250,000, that's almost the same equivalent amount or if you wanted to step back and say hey, let's make sure that these defensive, domestic sequestration cuts of $100 billion and half of that and you can take smalles poohes of that and come up to $100 million and know that it will grow close to 3%. that's the key, and that's why they're behind closed doors today. coming up with that, you don't have to have it done by ja
ABC
Dec 27, 2012 6:00pm EST
economy goes over the fiscal cliff if something isn't done. >> american people are waiting for the ball to drop but it's not going to be a good drop. >> reporter: with no deal taxes will go up and spending will be slashed. some warn the impact could spark another recession. with the deadline approaching the president returned to the white house and the united states senate is back in session. the house will reconvene by sunday evening. >> there is still time and it depends on how complicated the fiction it. >> reporter: the sticking point continues to be taxes. democrats want to extend the tax cuts to everybody but those americans making $250,000 or more a year. republicans remain against any tax increases. the debate is park sparking a high stakes match. >> the speaker cares more about his speaker ship than helping the nation. >> nobody is willing to pull the trigger. everybody wants to play the blame game. it's about to put us over the edge. >> reporter: and that's just where the economy may go. some say a situation could be allowing tax increases to tack effect on january 1st and
CNBC
Dec 28, 2012 9:00am EST
-called fiscal cliff, our economy is coming back, but it's still very tenuous. this is the last thing that we want to see happen, and both sides need to get together and work this out. >> mayor parker, have you taken a stand on where you think the negotiations should go at this point? whether it be on the union side or the maritime side? >> i'm a big believer of doing negotiating at the bargaining contain table. i have to do a lot of negotiations with my unions. they just need to get back together and work this out. the crux of the matter is on royalty payments that were put in decades ago to soften the blow of moving to automated containerized ar ccargo. it's certainly time to move forward to a new agreement. you can't just cling to the past forever, but both sides are going to have to give and move this forward. this is bad for the u.s. economy. and it will have ripple effects around the world. >> mayor parker, thank you for your time. >> we're down 83 on the dow. let's get a market flash back at hq. brian? >> simon, some pending home sales came in high. in fact, the highest level in two an
KRON
Dec 27, 2012 11:00pm PST
and counting until the u.s. economy will go over the fiscal cliff. >> this year, the american people are not waiting for the ball to drop. it is not going to be good. >> reporter: with no deal spending will be slashed and taxes will go of it could spark another recession. with this deadline approaching president obama and the senate will return and speak on sunday. >> certainly there is still time. >> reporter: point is still texas the want to extend the bush assured taxes except for the time making to water vicki thousand dollars per year ordered the sticking- point is still boyish-direct taxe bush-era of texas taxes >> and. nobody wants. to really work they just want to play the name game. >> putting over the edge that the scenario is allowing tax increases to take effect and on january 3rd, the lawmakers are going to be able to cut taxes. elisabeth corridon.. awarding. >> both obama and the senate returned to washington today after a christmas break. house leaders announced the chamber would reconvene sunday and possibly stay in session until a new congress is sworn in january thi
CNN
Dec 30, 2012 3:00pm PST
our economy back into the recession if we go over the fiscal cliff. >> but ali, neither side is budging much. you have been reporting on it for the last couple of hours. friday though, president obama said that he was optimistic that the two sides could reach a deal. this morning, he sounded less positive though. >> if, you know, if people start seeing that on january 1st, this problem still has not been solved, that we haven't seen the kind of deficit reduction that we could have had, had the republicans been willing to take the deal they gave them, and if they say that people's taxes have gone up which means consumer spending will go down. >> and keep in mind that the senate is the first hurdle. any deal has to pass the house. we are not into the senate yet and the republican speaker john boehner plablamed the crisis one president saying he the one who has never found a way to say yes. >> so you are in new york and i'm in atlanta, and we get to washington now, because the senior congressional correspondent dana bash is closely following the negotiations from capitol hill, a
CSPAN
Dec 31, 2012 7:00am EST
the fact that if we go over this fiscal cliff, the press to deal economy, just barely recovering, is very strong. the risk to people is as though they are playing tug of war with the american economy and a country that's going to get hurt. beyond that, as soon as we get through to the fiscal cliff with sensible policies, but also replacing it with sensible ways to deal with the fiscal charges of the debt, it looks as though we're not going to be able to do anything to tackle those challenges right now and that is a partisan environment in washington getting worse and worse leaving us with questions about whether these guys are actually able to govern. host: that is what is written about on the front page of "the new york times" this morning. guest: i feel like we're watching a game of a finger pointing. there is little discussion of actual public policy, but both sides are shouting louder and louder that it is the other sides fault, pointing fingers. what if any other business environment work this way? both sides tried to cast blame instead of working together? at this point, the level o
CSPAN
Dec 28, 2012 12:00pm EST
-minute legislation doesn't stop with the fiscal cliff. our rural economy will take a big hit if the house fails to pass a farm bill. make no mistake, the farm bill is a jobs bill. agriculture supports 16 million jobs nationwide, in montana one in five jobs is tied to agriculture. and the senate farm bill supports those jobs while also cutting spending by $23 billion. this bill is part of a responsible solution. there is absolutely no excuse for inaction. i call on the house to bring the senate farm bill up for a vote immediately. our farmers and ranchers break their backs to put food on the tables every day. the least they deserve is an honest, fair, up-or-down vote on their jobs bill. failure to reach agreement on these critical year-end issues will certainly cause market volatility and shock the greater economy. experts predict failure to reach agreement on the fiscal cliff will cause the economy to contract by the year 2013 by half a percent, likely causing unemployment to climb to 9.1%, pushing our nation back into recession. but it doesn't have to be this way. mr. president, it is only bec
FOX Business
Dec 26, 2012 8:00pm EST
list again? ho ho ho! >> forget the fiscal cliff. eric: forget the fiscal cliff, what about a container cliff and what that might do to the economy. a a nasty standoff between union workers and the companies could cripple the nation. unless two groups reach a deal, theyun planted strike down plano strike this weekend.if if the strike happened, some reports estimate for a billion dollars per day. >> there's no question, use the righte words, cripple the economy. the backbone of the trade on the export and import, eric. about $100 billion or more comes in and out where you have to have these strikes. co it is very devastating and could reverberate throughout thees country. food distributors, everybody would be affected by this strike if it goesrd forward. eric: what do the unions want and what is management willing to do, how far apart are these two groups? >> normally in a dispute with the unions it is about wages and benefits in this case it is not. what the unions are objecting to with reports i have been seeingu is new work rules andort deficiencies that support systems want to put i
FOX News
Dec 31, 2012 2:00am PST
or not we will be heading off the fiscal cliff. what impact will it have on the 2013 economy? we head live to times square for a special edition of bank on this. this nfl player right there losing his temper after a call by the ref. what set him off? we will tell you. first let's check in with dave briggs to see what is coming up on "fox & friends." i understand this is your last day with us. we are going to miss you. >> i will miss this place indeed. it's my fox family. a big show coming up we, too, are counting down to the fiscal cliff to new year's eve to the nfl post season on my last day as you said and clayton's birthday mind you. an update on hillary clinton's condition in just about 10 minutes join us for "fox & friends" 6-9 eastern time. >> welcome back. it is 52 after the top of the hour. let's span the globe to see what's happening in headlines. hugo chavez is reporting from new complications following his recent cancer surgery there. so far we are hearing those complications are stemming from a respiratory infection and his condition is delicate. next to northern ireland where
FOX News
Dec 26, 2012 10:00am PST
have a huge impact on our economy just when it's most vulnerable to the approaching fiscal cliff. business groups and state leaders are now calling on the president to intervene, warning that a strike could really cost the country billions of dollars. if history is any indication, those warnings may be dead on. a lockout on the west coast back in 2002, remember that? lasted a total of ten days, and it cost the economy an estimated $1 billion each and every day. >>> a strike at the ports of los angeles and long beach earlier this month lasted eight days, an estimated loss of $650 million a day. a republican strategist and a former campaign aide for president george w. bush, julie roginsky is former political adviser to new jersey senate frank lautenberg. good to see you both. >> good to see you. gregg: didi, smoot-holly was passed decades ago for the purpose of putting tariff limits on incoming products. do we need to reexplore that? >> yeah. this was, this was back in the '60s. i mean, this was ancient history. why should these workers who get paid very well also get on top of th
FOX Business
Dec 26, 2012 1:00pm EST
, jeff. >> as we avoid the fiscal cliff and the economy picks up, and big ifs, which industries stand to add the most job? rick newman is here for u.s. news and world report. rick, nice to meet you. >> hi, how are you doing? >> you gave us a list, and interesting to pull out the theme. social networking sites, video game publishing, online payment, definitely a theme here where the growth is at. >> heard this the last couple years, obviously, it's digital, digital, digital, and real estate on the list as well. social networking. it's not a 235d, but -- a fad, but here to stay, and mobile devices, social networks follows. news sites too, not just facebook and twitter, but pinterest. there's smaller ones, niche sites, but the trends is here to stay. >> sustainable building materials, huh? >> i hate to tell you, but it's growing, and it is growing because state and local governments have new standards, not because of washington, anything happening in washington. it's not a stimulus plan, don't worry, but it's new standards. state and local governments needs buildings to be energy first t
CBS
Dec 24, 2012 5:00am EST
for the stock market. the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth straight year of gains. the dow is up overall nearly 8%. the nasdaq has rallied more than 15% so far this year. the stock market is closed tomorrow for the christmas break. there will still be plenty of economic reports to sift through this week, including the latest on home prices and sales, consumer confidence and jobless claims. >>> it's not only investors but washington's failure to agree on a budget is affecting everyday americans' confidence about their finances. the university of michigan says its consumer sentiment index for december fell sharply from november's five-year high. more than one in four people surveyed cited concerns about higher taxes. >>> these are definitely the times we need comfort food the most. thank goodness twinkies, wonder bread and devil dogs could soon return to store shelves but another
FOX News
Dec 28, 2012 3:00pm PST
-minute agreement, none will see the picket signs sunday. >> economist worried if we do go off the fiscal cliff, it's now averted strike would have combined for a deadly one-two punch to the u.s. economy. now the overall deal is at 100% signed off on by februar february 6, then we are right back to where we were this morning and again the national retail federation and the florida governor rick scott will be urging president obama to prevent a strike invoking the tap partly act and something not done since president george w. bush did it in 2002. back to you. >> doug: phil keating in miami. the so-called milk cliff that would also kick in to effect the lawmakers can't avoid the fiscal cliff they be averted now. hill source tells fox news and the senate agriculture leaders working on a year long extension of all farm programs. the source noted that the truman era law is so old it would take weeks to implement. even if the old law expires don't expect immediate spike if milk prices. >>> congress is still working to find agreement on the $60.4 billion emergency spending bill for hurricane sandy victim
FOX News
Dec 26, 2012 4:00pm PST
the fiscal cliff. if they don't, our paychecks and the economy could take a hit. find out how it would effect you and your bottom line as "the fox report" rolls along. a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank y
MSNBC
Dec 30, 2012 9:00am PST
debt ceiling. you think the fiscal cliff thing is bad for the economy. you wait and see if they can't get the debt ceiling worked out. >> right. it's one thing to go over the fiscal cliff. that would be bad. we don't want to it happen. a recession may happen. it would be unfortunate. it's different than the u.s. defaulting on the debt. you know, we saw that back in august, 2011, we saw the downgrade of the credit rating. just by having the threat of not approving the debt ceiling increase and the possibility of default. it comes around again at the end of february, beginning of march. it's a time when there's a deal. if the deal does not include the debt ceiling, more damaging effects on the confidence. >> here we go again. neil irwin, it's good. economic editor. three ways they can mess this thing up next year. thank you so much. we'll talk to you again soon. we are 20 minutes to the top of the hour now. there have been major setbacks in the deal talks. we are just getting this news, a major setback in negotiations over a fiscal cliff deal. senator reid, according to democratic sou
CSPAN
Dec 27, 2012 1:00pm EST
the bill through without pulling the fiscal cliff, our economy will improve the tax revenues from that will be more than he would get from the rich now. host: appreciate the call. let's go to oklahoma, a line for republicans. caller: i am so disgusted with both political parties. it seems they are putting their party before their country. and i want these politicians to know they are the ones that have been up there for years and spent all this money and now the average person will be the one who will have to pay, and i believe they are being bought off by the 2%. right is right, wrong is wrong, and to take away from the needy and cut food stamps from people who qualify -- it takes an act of congress to qualify. i cannot understand that these people are protecting the 2% of the country. host: jefferson city, missouri, you are on. go ahead. caller: yeah, i think boehner should be removed from the speaker of the house, and president obama should be in and his entire staff, including hillary clinton. i do not know if you have noticed but nancy pelosi, her eyes are consistently dilate
FOX News
Dec 23, 2012 4:00pm PST
you need. come on. with the lingering worries tonight after weak economy and the looming fiscal cliff, many consumers are left saying bah humbug. here is brenda buttner, senior business correspondent and anchor of bulls and bears. >> harris, they are filling up the stores, but not emptying out their wallets. after a strong black friday, this holiday shopping season may not have a strong finish. consumer confidence is at a five month low and shopper track, cut its forecast for holiday spending down to 2.5% increase rf the expectations of 3.3% rise. what does it mean? remember, the holiday season is huge for retailers. it can make up about a third of annual sales and half of profit for many chains, this final stretch is especially key as many buyers wait to get the deepest discounts. retailers are cutting. big discounts hit this final shopping weekend. better late than never perhaps for those looking for deals, but profits could suffer. almost anytime you save 50% off, retailers may be losing money. looking for a grinch in all this? d.c. gets the blame. the increasing chance we may fall
CSPAN
Dec 30, 2012 2:00pm EST
the democratic controlled senate to lead our economy to the edge of the fiscal cliff. congress people from both parties are searching for a bipartisan solution. that is the leadership that america needs, not what we saw from the president this morning ." those of the comments from speaker boehner. the house has gaveled out. we expect them back in about two hours. let's go to newbury port. caller: thank you for c-span. i do not understand where this $250,000 number comes from. i am 70 and have never been asked to make a sacrifice by any congress. it just seems to me that if the average income in most states -- to ask people making $125,000 or more, to ask them to contribute more, that seems to be a no- brainer. i do not see why people in this country are not ready to make a compromise. let's face it, we will either all have to pay slightly more taxes and accept the fact that our benefits are going to have to be lower than they really are -- i am in that bracket of $125,000 to $250,000. i am very comfortable, i could contribute more to the deficit, i just want to make sure that that money goes to
CNN
Dec 26, 2012 4:00am PST
conversations we'll have a bipartisan solution, because nobody wants to go over this fiscal cliff. it will damage our economy. it will hurt every taxpayer, the largest tax increase in history. it will affect everybody, and anyone who is watching who thinks, oh this isn't going to impact me, you will fin out d o will, and we know the problem is a lot of spending. not that we're not taxing people more, we're just spending too much. we hope that the president understands that as for as republicans are concerned, we're willing to negotiate and have a civil conversation, but also he's got to bring in some spending cuts and tax reform, because americans want tax reform and we don't want to hurt the economy, and, look there, are not enough millionaires in the united states to tax them all to be able to spend our way out of this problem. so let's -- let's give up a little bit -- each side can concede a little. and i think we can fin middle ground. i'm optimistic. >> we had your colleague nan hayworth last hour. she was expecting work to be done in the senate. the house did its best, boehn
CNN
Dec 31, 2012 2:00am PST
.s. stock market. despite all those worries about the fiscal cliff and maybe slower growth in the u.s. economy, the stock market has had a great year. too bad you missed out. smart money's been on the market. the rest of us have been worried about the fiscal cliff. >> number eight, facebook's ipo. hundreds of millions of people like facebook, but investors did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummeled the stock, which has yet to climb its way back to its ipo price. >> number seven, mother meyer. the new ceo of yahoo! who announced she was just going to take a two-week maternity leave as she tried to turn this company around. 37 years old, it looks like a mother's touch is what yahoo! needed. >> mother nature. an intense drought in the midwest that scorched the corn and soy crop, sending prices sky high. >> who can forget super storm sandy? neighborhoods along the northeast swept away, millions without power and damages as high as 50 billion dollars raising lots of question
PBS
Dec 26, 2012 6:00pm PST
not going to go off the fiscal cliff or if we do go off the fiscal cliff it will be a small package of some tax increases, some spending cuts, but it's not going to put the economy into a recession. so what i've been telling clients is let's just hold the line right here. let's not sell precipitously. let's wait until we see the outcome. but right now i think there's a real good chance that the outcome could be positive or will muddle our way through this significant problem. >> ifill: let me ask you a question which politicians kept bringing up during this last election which is the that the uncertainty is what makes people nervous in the business world. is this the kind of uncertainty they were talking about? >> it absolutely is. you mentioned before the retail sales numbers for this christmas season and the retail sales numbers for this christmas season were very poor, very soft. this is both individuals and individuals affecting companies making decisions and it's really largely driven by their significant uncertainty about what's going to be their tax rate in 2013. they're really postp
FOX News
Dec 26, 2012 8:00am PST
: well, we're still trying that last ditch effort to keep the economy from going over the fiscal cliff. lawmakers are heading back to washington including the president with this year-end deadline that's been on the horizon. welcome, everybody, great to have you here. brand new hour of "happening now." kelly: i'm kelly wright in for jon scott -- jamie: and i'm jamie colby in for jenna today. kelly: talks hitting a dead end last week, now most americans are facing big tax hikes unless the two sides can work out a last minute deal. chief white house correspondent ed henry with more. >> reporter: you're right, really all eyes turning to plan c. plan a was that $4 trillion debt deal, plan b was speaker boehner's idea about tax increases only for million dollar incomes and more, now turning to plan c which is president obama's idea which is to move it back to $250,000 or more, that would be the threshold for tax cuts or tax increases in the other direction, also dealing with two million people who are losing their unemployment benefits, president wants to the take care of that by the end of
CNN
Dec 28, 2012 4:00am PST
. state department says it is willing to talk more about keeping the children safe. >>> fiscal cliff isn't the only threat to the u.s. economy. get a load of this. the container cliff. nearly 15,000 dockworkers from maryland to texas are threatening to strike, starting sunday, which could shut down more than a dozen key shipping ports and cripple commerce across the country. dock on workers are demanding higher container royalties to boost their pay. >>> did the newtown school shooter have an evil gene? scientists at the university of connecticut will study adam lanza's dna to see if a mutation or ab normality could have made him more violent? this is the first study of its kind on a mass killer. >>> jockeying started for john kerry's senate seat, even before it's vacant. massachusetts congressman ed markey throwing his hat into the ring in kerry becomes secretary of state, which is expected, a special election will be held early this summer. markey is the first prominent candidate to declare for the race. >>> love this story. paying it forward by paying it backward. a story of rampant g
CNN
Dec 27, 2012 1:00pm PST
is the fiscal cliff impasse. it's a potentially devastating one-two bunch for the u.s. economy. neither the longshore's union or alliance shipping company would allow anyone to speak on camera. but officials knowledgeable of the negotiations say it boils down to one issue. the key sticking point is the payments that the longshore men get for them. they pay royalties for the containers based on their weight but the shipping companies want to freeze those royalty payments for current longshore men and eliminate them for future hires. the longshore men say the royalties are made to make up for automation. but if the shipping companies lockout the longshore men -- >> that would impact more than containers. that would impact all cargos at ports. that would have a much more impactful reaction. $55 billion worth of cargo in an average month this year. candy? >> brian, i have to imagine retail companies and others who want those goods off the ships and in their stores have to be plenty worried. do they have a plan b to move those goods if there's a strike? >> reporter: yes. some of them do. clo
MSNBC
Dec 28, 2012 3:00am PST
the fiscal cliff. the hope is both sides can agree to a compromise to prevent the economy from sliding back into recession. judging from the rhetoric on capitol hill, there's a long way to go. here's the day on the hill. >> if we go over the cliff we'll be left with the knowledge that could have been prevented with a single vote in the republican-controlled house of representatives. the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker not allowing the vast majority of the house representatives to get what they want. >> we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> it is somewhat like taking your child hostage and saying to somebody else, i'm going to shoot my child if you don't do what i want done. you don't want to shoot your child. there's no republ
FOX News
Dec 28, 2012 6:00am PST
: maria mow lean a thanks. gregg: the fiscal cliff is not the only threat facing the u.s. economy right now. shipments of all kinds could actually be stuck on cargo ships if a longshoreman strike goes ahead as planned. the stakes for the recovery coming up. patti ann: high noon in those fiscal cliff negotiations. >> nothing have move forward in regards to our budget crisis unless speaker boehner and mitch mcconnell will go forward with our plan. speaker boehner is willing to negotiate, we have not heard a word from mitch mcconnell, and nothing is hang. patti ann: chris vanhollen joins us next. pwhrafp [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. . patti ann: fox news alert, potentially good news for the nation's housing market. pending home sales, which measure homes that are in contract and about to be sold rose 1.7% in novemb
CBS
Dec 24, 2012 4:00am PST
. stocks stumbled on wall street and talks stalled on the fiscal cliff. the dow dropped nearly 121 points on friday while the nasdaq fell 29. >>> as americans hit the road for holiday travel, they'll be paying let at the gas pump. according to aaa, the national average is about 3.25 cents a gallon for regular. that's down 16 cents from a month ago. >>> "the hobbit:an unexpected journey," took in $27 million. coming in second, $16 million. "this is it" took in $14 million. duarte? >> thank you, erica ferrari, here in new york. >>> in sports the seahawks put a damper on the 49ers' plan of winning the midwest. they have a field goal block. it's scooped up by the seahawks richard sherman who brings it back to 90 yards for a touchdown. seattle blows out san fran, 42-13. >>> and the baltimore ravens are the champions of the afc north. the ravens get on the board first with a touchdown grab by tore are smith. baltimore passes the giants for a 33-14 win. when we return, the holiday hit a high note. audiences around the world take part at an annual sing-a-long of a classic. ♪ now i can brew my c
CNN
Dec 28, 2012 2:00am PST
. not just the fiscal cliff with the potential threat to the economy, thousands of dockworkers from maine to texas could go on strike within days if their union can't reach a deal with major shipping companies. these are the workers who move goods from the nation's ports to the stores. >> everybody from your mom and pop retailer to your farmer, to the trucking company who has go in and pick up the containers at the ports. this will be felt not just at the local economy, but nationwide for everybody else who relies on these ports. >> one port official says east and gulf coast ports handle about $55 billion worth of cargo a month so a strike could have a major effect on the retail business. >>> land lines not going the way of the vcr just yet. older americans are slow to get rid of land lines and go mobile. the centers for disease control asked 20,000 households about trends throughout the year. the study found about 52% use cell phones for all of their cal calls, that's less than 2% increase from previous years. the older generation is slower to make the switch. >>> patrick democracy might
CNN
Dec 28, 2012 9:00am PST
the fiscal cliff, the fiasco as well as the debt ceiling debacle. richard, how is this playing out? we understand richard is not here. we're going to talk to richard a little later about this. >>> eurovision, a singing competition, a lot like "american idol." it's popular, trendy, everybody's watching it. it launched the careers of abba and celine dion. now the radio show which is paid for by the countries that participate in it, it's now in trouble. the economy is to blame. here's our reporter. ♪ >> reporter: cheesy music. kitsch costumes. ♪ and national stereotypes. ♪ for 58 years, the eurovision song contest has united europeans in a celebration of music and at times laughter. ♪ but as countries struggle to meet budget targets, frills are starting to take a back seat. portugal, poland, slovakia and boz that herzegovina say they're pulling out of the competition because they can't afford to win. the czech republic and greece are also reported to want out. >> it costs to perform, and it costs to stage it. and what do you get back? bluntly a bunch of hoopla and a few pom-poms.
CNN
Dec 26, 2012 1:00pm PST
. you're in "the situation room." the u.s. is now just six days away from the so-called fiscal cliff. and a mad scramble is on here in washington to avoid the drastic tax hikes and spending cuts that many fear will plunge the economy back into recession. president obama flies back from hawaii tonight to be ready if the senate comes back with a plan when it returns to work tomorrow. and house leaders are huddling with members on stand-by to return. senior congressional correspondent dana bash is following all of it for us. what are you hearing? >> there was a conference call of course members of the house leadership even, they're back in their districts, but there was a conference call today among those house republican leaders trying to figure out if and when the house should come back into session. two republican sources tell me they did not make a decision on this call. it's still up in the air. and a big reason for that is if anything can get done in the next six days, the ball is in the senate's court. the capitol is a ghost town. neither chamber in session. an eerie calm since t
CNN
Dec 29, 2012 11:00am PST
if a budget deal is reached in washington. if if the u.s. economy falls off the fiscal cliff, it will have an impact around the world. haus sirken is a partner and fellow of the overseas markets and joins us from chicago. thanks for being with us on this weekend. the idea -- >> great being with you, martin. >> thank you. the idea of the world being affected by the fiscal cliff problem here in america wasn't really lost on the president after his meeting with congressional immediate leaders yesterday. let's listen. >> i'm modestly optimistic that an agreement can be achieved. nobody is going to get 100% what have they want. but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely impacted because people can't do their jobs. >> so that begs the question, hall. how are other countries preparing for this really precarious situation and one in which they really have no control. >> well, martin, there's not much they can do to prepare. what will happen, if the fiscal cliff turns out to take place, is that we'll start to see the eco
CNN
Dec 29, 2012 2:00pm PST
? the fiscal cliff, still looming. spending cuts and tax hikes that could shove our economy into recession. and a deadline lawmakers ignored until the very last possible minute. live pictures now of the capitol. looks beautiful. man, but there's a lot of wrangling going on there. lawmakers are back up -- had their backs up against the wall right now. and as they try to find a plan that can pass congress. let's hope they do. cnn's chief white house correspondent is jessica yellin. she is following the negotiations, working very hard on this saturday. so jess, democrats and republicans are supposedly working on a plan, even as we speak. what do we know about it? >> reporter: well, we know, don, that it's the senate leaders that are hashing this out. and what they're looking to negotiate is a deal that would extend current low tax rates for middle income americans. we don't know the exact threshold levels. so would it be people who make $400,000 and less, would it be $250,000 and less. but something that would extend low rates and then increase them above. extend probably unemployment benefit
MSNBC
Dec 26, 2012 8:00am PST
, are you optimistic that congress can reach a post-christmas fiscal cliff deal? tweet me. find me on facebook. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so movin
CNN
Dec 28, 2012 6:00am PST
. >> coming at the same time as the fiscal cliff impasse it's a potentially devastating one-two punch for the u.s. economy. neither the longshoreman's union nor the northern alliance would give us anyone to speak on camera but officials with knowledge of the negotiations say it boils down to one issue -- the key sticking point is over those large containers and the payments that longshoremen get for them. the shipping companies pay royalties to the longshoremen for the containers based on their weight but the shipping companies want to freeze the royalty payments for current longshoremen and eliminate them completely for future hires. the longshoremen say the royalties are designed to make up for jobs lost to automation. strike would only affect ports that handle containers, not other cargo like automobiles, but if the shipping companies lock out the longshoreman -- >> that would impact more than containers. that would impact all cargos at ports, so that would have obviously a much more impactful reaction. >> reporter: how impactful? scher says east coast and gulf coast ports handled
CNBC
Dec 27, 2012 6:00pm EST
of all. >> join "mad money"'s training camp weeknights. >> four days left to avoid the fiscal cliff. who will compromise and will a deal get done to rescue the american economy? stay with cnbc for full-time reports to see who will rise above. who will compromise and will a ♪ >> all night i've been talking to you about the new diversification, a way to diversify by strategy, not just sectors so you can thrive in any market. look, we still believe in the old kind of diversification by group, but we've also got a new prism going here. remember, you need a high-yieldner your portfolio, a big dividend-paying stock for downside protection and the massive multi-year gains that come from reinvesting the dividends, and you must reinvest. second, you need a way to profit a whole lot when the market is in good shape. sometimes it is, and still potentially keep delivering gains if things get worse which is why you must have exposure to growth, preferably a high quality secular growth stock where the earnings estimate is a powerful momentum and then a speculative stock, something that trades for le
FOX News
Dec 28, 2012 3:00am PST
that happens is hit the sequestration, the things that the fiscal cliff will bring of the that's why. i'll take the medicine, the pain now for a healthier economy going forward. >> kelly: there are a lot of economists who agree because they're saying if we go through this, it will be pain for everybody, 2,000, $4,000 added to our tax for the next year or so. and potentially, after that we will rebound and all those automatic spending cuts will go into effect. >> juliet: we've been following this drama involving hobby lobby. the company plans to defy a federal mandate that came out. it required it to offer the morning after pill. and hobby lobby, the owners of the company say, but they don't want to do that. it defies what they believe. they're going to be defying this order. they're going to risk fines of up to $1.3 million per day because they said on principle, we can not do this. >> kelly: here is the reason why. they're a faith-based organization. even though they're in business. this is a faith-based business and this would go against their belief that they should not be involved in this k
NBC
Dec 30, 2012 5:00am EST
and there's still no sign leaders are closer to agreeing on a deal to avoid the fiscal cliff. here's brian mooar. >> as senate leaders were behind closed doors, president obama and republicans issued dueling messages on the web. >> we can't afford a politically self-inflicted wound to our economy. the economy is growing. >> if the nation goes over the fiscal cliff next tuesday, each side blames the other. >> we can avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the area. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. >> even if the impact isn't real, the perceived impact could cause us to drop off in sales. >> getting a deal is up to the senate's top democrat and top republican. >> we are engaged in discussions, the majority leader myself and the white house, in hopes we can come forward as early as sunday and have a recommendation. >> whatever we come up with will be imperf
FOX News
Dec 29, 2012 3:00am PST
for their businesses, should they buy a new computer, hire new people, the fiscal cliff is damaging the economy today. >> juliet: what are they doing? they don't know what to do. you have to act the at a certain point. are they laying people or, are they not moving? >> it's minimalist, do the least amount you can do at this point in time until you know what your tax liability is going to be. until you know what the economic outlook's going be to be. are we going to have another recession. >> juliet: how is that affecting them by doing the least, the least type of movement, i guess you could say? >> many of my members are not giving out bonuses, they're freezing pay, not hiring. that's what's happening on the main street america. and the fiscal cliff impacted already and main street small businesses are feeling that impact. if we go over the cliff, of course, it will be exacerbated and even worse, starting on january 1, the payroll taxes start going up and the rest of us. i think most small businesses people are convinced nobody in washington has a clue how to run a business, how to balance the books,
CSPAN
Dec 30, 2012 7:00am EST
forward and pass whenever bill is necessary so we can avoid this fiscal cliff. if we do not do that, it will result in the economy, a tepid recovery we are having to go into recession. we do not want that. host: thank you for the call, justin. a few comments on our facebook page -- we are taking your calls and tweets and facebook messages all morning on this segment and the next segment about the fiscal cliff. we will go to franklin from georgia on the democratic line. good morning. caller: good morning. i like to tell congress, congress is a mano kolinsky for the lobbyists. we have to deal with that. -- monica lewinsky for the lobbyists. we have to do that. they are putting money in their pockets so they can take vacations and revitalize their homes. host: do you think this fiscal cliff nonsense is to make more members of congress money. caller: yes. anytime you can say that corporations are people, you have already gone against -- i am talking about what the forefathers said. when they said that liberty and pursuit of happiness -- the two- party does not -- the tea party does not
MSNBC
Dec 30, 2012 5:00am PST
the economy back in gear and getting the economy back in gear. >> you would extend? >> the fiscal cliff would happen like in 2014. >> so bush tax cuts for the top 2%? >> keep those. the whole shabang. what we need is more money to go to the economy to keep things afloat. and this is not the time to figure out how we're going to reduce that. it doesn't -- it's not quite that important right now. >> picking up on that point, you're very closely following that stuff in washington, it looks like, my interpretation of this and tell me if i'm wrong, the payroll tax is basically gone already? >> i totally agree. it's not even being mentioned and the reason is, obama's last offer -- we actually had obama and boehner still negotiating in good faith, passing deals back and forth and this was included. he dropped his demand for having an extension of the payroll tax holiday in which the payroll tax was dropped from 6.2 to 2.4%. he dropped it. the stimulus offer shrank from 425 billion to 175 billion. so it's something he's already given up. you had tim geithner saying earlier in the year that, you know,
CSPAN
Dec 27, 2012 8:00pm EST
at the countdown to the fiscal cliff. our guest will be damian paletta. then an interview with randallotoole. then a discussion on the economy, poverty, and hunger. an urban's snr fellow. "washington journal" live every morning on c-span. >> california's representative lynn woolsey is retiring this year. she represents the 6th district in california. we spoke with her in november about her time as co-chairman of the progressive caucus as well as her opposition to the iraq and afghanistan wars. this interview is 30 minutes. >> representative lynn woolsey retiring, 20 years in congress. why are you leaving? >> well, i had my --ly say it this way, i was elected 20 years ago on my 55th birthday. do the math and 20 years and 75 years old and it is time for me to retire. >> what is next? >> i'm president for americans for democratic action. i was just re-elected for a second term. i follow in the footsteps of george mcgovernor and others and i will have a national presence and i will be traveling around the world to developing countries with the organization. >> what are you going to be doing with
CNN
Dec 28, 2012 5:00pm PST
the fiscal cliff. it's a cliff that lawmakers built. they set the tuesday deadline, they knew it was coming for more than a year. but even now, they have done little to agree to a package before that time. keeping them honest, the people in this building have known what's coming on tuesday, yet they're only returning to this building to get back to work just now. senators came back yesterday. house members, well, they woet be back until sunday. this afternoon, house and senate leaders met with president obama at the white house. they talked for about an hour. afterwards, president obama said he was modestly optimistic. bypassing house speaker john boehner who had trouble getting his fellow republicans to agree to anything, the president called on senate majority and minority leaders harry reid and mitch mcconnell to work out a deal and then present it to a house. he also laid out a scaled down mini deal if they can't manage it. >> if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor, and i have asked senator reid to do this, put a bill on th
CSPAN
Dec 28, 2012 9:00am EST
, corporations. i'm happy to be here today to talk to you about the fiscal cliff and how it might affect my business. i am mostly optimistic about our economy in the future, i have grave concerns about what is going on in congress and the potential fiscal cliff we are facing and the elimination of the tax cuts. a lot of the small business owners i talked to and know are in favor of keeping the tax cuts in place especially for the middle class. we believe in balanced approach and we think it's ok to allow the elimination of the tax cuts for the wealthy. as taxes increase, the taxes at my business will be effected and i will have less to pay for investments and new equipment, hiring new people, but personally my income tax rates will go up. it's already a financially constrained environment. but customers tax rates will go up creating less demand for my products and less revenue for me and less tax revenue for the government. i want to urge congress and senators to vote for keeping our tax cuts in place, especially for the middle class and pushing our fiscal crisis to a balanced approach. go
CSPAN
Dec 27, 2012 7:00am EST
. host: you have been quoted as saying -- with the fiscal cliff we will see 1 million job losses. guest: that is the assessment we have been getting from the running of our models. the economy should be expanding to% or 3% next year without the fiscal cliff, that would correlate with about 2 million net new jobs next year. so it's a continuation of a steady expansion. i wish it was a little faster expansion, but nonetheless it is an expansion. if we had a fiscal cliff, and we are reversing all the gains we have seen. host: what about mortgage deduction on a second home or vacation home or a certain limit to the size of a mortgage? would you be supportive of that? guest: we have to recognize that negotiating away from what has been a striking departure from just protecting the mortgage interest deduction, property ownership. any breach to that invites further breaches. our members, even though they recognize the deck is a need to be resolved, any breach will lead to further coming back, loring the income limit. -- lowering the income limit. we have to recognize many of the second homes a
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